Saturday, October 4, 2008
Not A Word About the Real Cause
It's NOT Wall Street's Fault, no matter how hard the liberals (Democrats) try to convince the world it is. It is the fault of the Democrats in Congress, who passed the "Community Reinvestment Act of 1977. I hate to keep repeating this but I will, so long as NOBODY else (other than the "alternative media" that is) will talk about it. NOBODY speaks about the law that caused all the economic problems, the "Community Reinvestment Act of 1977," passed into law that year (by a Democrat-controlled Congress) and signed by Bill Clinton (A Democrat president). It was recently updated in 2005 (under another Democrat-controlled Congress) That infamous law made it a CRIME not to loan money to people who could not pay it back (a recipe for economic disaster), and FORCED banks to make those loans on pain of prosecution. When its "chickens came home to roost" and the economy faltered, the Democrats lied again, blaming the Republicans and George Bush, saying," This 'crunch' is the result of eight years of Bush policies." Actually, it's the result of FIFTY YEARS of DEMOCRAT policies. Not even Sarah Palin mentioned this law and its effect on the economy. Why not? Why does NOBODY, not even the Republicans, recognize the effect of this Democrat law on the economy? Why do I, just one old man sitting in my office, have to "instruct" our country's leaders on economics? the answer is, the Democrats are "taking us for fools" and scamming us out of BILLIONS of dollars by manufacturing an "economic disaster" for their "October surprise" hoping it translates into more votes for Democrats when ignorant people who buy their lies vote. (Federal Reserve Board)
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